TARGET P 7 Market Value
| 87612EAF3 | 112.22 0.89 0.80% |
| Symbol | TARGET |
TARGET 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TARGET's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TARGET.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in TARGET on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding TARGET P 7 or generate 0.0% return on investment in TARGET over 30 days. TARGET is related to or competes with 3M, Merck, Disney, American Express, Caterpillar, Procter Gamble, and Pfizer. More
TARGET Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TARGET's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TARGET P 7 upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 6.73 | |||
| Value At Risk | (1.88) | |||
| Potential Upside | 2.4 |
TARGET Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TARGET's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TARGET's standard deviation. In reality, there are many statistical measures that can use TARGET historical prices to predict the future TARGET's volatility.| Risk Adjusted Performance | 0.0137 | |||
| Jensen Alpha | 0.0052 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.2186 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of TARGET's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
TARGET P 7 Backtested Returns
We consider TARGET very steady. TARGET P 7 owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0068, which indicates the bond had a 0.0068% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for TARGET P 7, which you can use to evaluate the volatility of the entity. Please validate TARGET's Market Risk Adjusted Performance of 0.2286, risk adjusted performance of 0.0137, and Downside Deviation of 1.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.0075%. The entity has a beta of 0.0389, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TARGET's returns are expected to increase less than the market. However, during the bear market, the loss of holding TARGET is expected to be smaller as well.
Auto-correlation | 0.16 |
Very weak predictability
TARGET P 7 has very weak predictability. Overlapping area represents the amount of predictability between TARGET time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TARGET P 7 price movement. The serial correlation of 0.16 indicates that over 16.0% of current TARGET price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 3.36 |
TARGET P 7 lagged returns against current returns
Autocorrelation, which is TARGET bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TARGET's bond expected returns. We can calculate the autocorrelation of TARGET returns to help us make a trade decision. For example, suppose you find that TARGET has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TARGET regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TARGET bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TARGET bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TARGET bond over time.
Current vs Lagged Prices |
| Timeline |
TARGET Lagged Returns
When evaluating TARGET's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TARGET bond have on its future price. TARGET autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TARGET autocorrelation shows the relationship between TARGET bond current value and its past values and can show if there is a momentum factor associated with investing in TARGET P 7.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out TARGET Correlation, TARGET Volatility and TARGET Alpha and Beta module to complement your research on TARGET. For information on how to trade TARGET Bond refer to our How to Trade TARGET Bond guide.Note that the TARGET P 7 information on this page should be used as a complementary analysis to other TARGET's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
TARGET technical bond analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, bond market cycles, or different charting patterns.